Showing posts with label real estate. Show all posts
Showing posts with label real estate. Show all posts

Sunday, April 27, 2014

Selling Houses, Condos, Land Philippines.

 

House For Sale in the Philippines

Retired Real Estate Broker


I was a real estate broker in the USA before coming to the Philippines to meet my wife in person in 2007.  We met first online. A friend of mine picked me up at the Manila airport and took me to his mother's home near Bacoor, Cavite. I checked into a hotel and called her from there.

She explained how to get to her place by jeepneys and several buses. It was so complicated I asked if she could come to Cavite to meet. The next day we arranged to meet at a mall in Cavite. It was love at first sight! 

To make a long story short, we now have three children, a home in Cavite and one live in housekeeper.

Almost nobody uses the MLS here


Real Estate business is very different to the USA. There is a fledgling Multiple Listing Service (MLS) here. But apparently most Filipinos try their best to avoid paying any fees. 

There are quite a few property listing services online. Most people wanting to buy or sell are forced to use these. To find properties one must drive an area one likes and write down numbers on signs to contact the owners directly. Or search many listing services.

If a property is in a secure neighborhood (gated and guarded) an employee of the HOA may escort you around to see properties which are for sale. Otherwise, you will need to contact an agent who will show you properties.

You will probably want to rent for your first year here. Narrow your search down to an island or a major city.
Manila, for example, is full of high-rise condos.

A multiple listing service makes it easy to find properties in Florida, USA. Foreigners are permitted to buy properties in the US.

(Coming soon: more details about selling.) 

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This post will be expanded upon. Check back for more information about Selling Houses, Condos, Land in the Philippines. Uploaded. March 30, 2024.

Tuesday, August 14, 2012

Buying Real Estate Philippines

Real Estate for sale in the Philippines
Buying real estate in the Philippines.
Selling real estate.

Buying and Selling Real Estate in the Philippines

There are great opportunities to purchase condominiums, townhouses and houses in new developments all over the Philippines. Compared to properties in the USA prices are usually considerably lower. Sometimes much, much lower. 

Some of the largest and finest developers are Ayala Land, DMCI and Federal Land. There are also many other reputable real estate development companies.

Federal Land condos Six Senses
Six Senses by Federal Land.

A good developer's agent, a licensed real estate broker or an attorney can assist you with the ins and outs of buying or selling Philippine properties.

Are you considering buying real estate in the Philippines? Click on the last link below to check out numerous cites in the Philippine Islands.

I hear that real estate is appreciating well in the Philippines. I think that applies mostly to residential and condo properties in quality developments.

A foreigner can purchase a condo in his own name but cannot buy a house or land in his own name. A foreigner may lease a property.

If a foreigner marries a Filipino then he may purchase property in his and his spouse's name.

It is best to consult with a Filipino attorney about how to arrange your purchase and in whose name to buy it. There are methods that are not widely publicized.

Be sure to hire an attorney to review your purchase plans and to review all documents before finalizing a purchase. Ask the attorney to verify the history of the title the seller holds to the property. Real estate can be tricky, so protect yourself by seeking advice of professionals.

Most houses and apartments in the Philippines have steel bars at the windows and have steel gated car parks.

Want to rent an apartment or a house in a large city or a rural area in the Philippines?


Read about selling properties in the Philippines.

If you are a Filipino or a foreigner who has a property to sell and would like to see if featured in this blog, leave a comment below.


 
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This article will be expanded upon. Please check back to read more about real estate in the Philippines. Last updated March 31, 2024.